Luxury carmaker Mercedes-Benz India said it was cautiously optimistic about growth prospects in India due to changing trend, said a top official. “The slowdown for us is over,” said Martin Schwenk, MD & CEO, Mercedes-Benz India. Asserting that the sales numbers for Mercedes Benz were on the rise since September, he said during the month of September, Mercedes sold 29% more than that of August 2019. Sharath Vijayaraghavan, executive director, Sundaram Motors said luxury cars had a huge potential in India. Recalling the firm’s successful association with Mercedes Benz for the last 18 years, he said they were planning one more showroom in South Chennai.

Source: The Hindu October 19, 2019 15:40 UTC